Best report
ϟ
May 18, 2015
The way this scam works is like this:
They contact you requesting the item you are selling or the service you offer, they say they will pay you more over the amount you want.
They say to take the extra funds they provide and send that to another party, an agent, a shipper, a driver, or someone would processes some fees or taxes. The reason they give can be anything, bottom line is they want you to send off some cash.
You are instructed to wire transfer or use a pre-paid money card like GreenDot or MoneyPak or such to send the funds.
You get a check in the mail, it is either a cashiers check, money order, bank draft, or business check.
So, you do as instructed, cash the check and take the extra funds as cash and transfer it via wire transfer or money card.
After awhile, sometimes several weeks, you find out the check was stolen, a forgery, or counterfeit and is returned. It used faked or stolen account and routing numbers to keep it looping through the banking system until it was ID'ed as stolen/forged/counterfeit.
The money you had sent out, via wire or card, is completely unrecoverable and was really sent to the scammer.
You are out the money you sent, the face value of the check, fees for returned check and overdrafts, and also face criminal charges for passing a bad check.
See:
http://www.fraudaid.com/
http://www.fraudaid.com/solution_center/solution/draftsoption3/4c.htm
It is called a Money Laundering Scam, by which worthless money, the check, is converted illegally into real money, the cash. It is a scam that has been around for as long as money has been around, thousands of years.
They contact you requesting the item you are selling or the service you offer, they say they will pay you more over the amount you want.
They say to take the extra funds they provide and send that to another party, an agent, a shipper, a driver, or someone would processes some fees or taxes. The reason they give can be anything, bottom line is they want you to send off some cash.
You are instructed to wire transfer or use a pre-paid money card like GreenDot or MoneyPak or such to send the funds.
You get a check in the mail, it is either a cashiers check, money order, bank draft, or business check.
So, you do as instructed, cash the check and take the extra funds as cash and transfer it via wire transfer or money card.
After awhile, sometimes several weeks, you find out the check was stolen, a forgery, or counterfeit and is returned. It used faked or stolen account and routing numbers to keep it looping through the banking system until it was ID'ed as stolen/forged/counterfeit.
The money you had sent out, via wire or card, is completely unrecoverable and was really sent to the scammer.
You are out the money you sent, the face value of the check, fees for returned check and overdrafts, and also face criminal charges for passing a bad check.
See:
http://www.fraudaid.com/
http://www.fraudaid.com/solution_center/solution/draftsoption3/4c.htm
It is called a Money Laundering Scam, by which worthless money, the check, is converted illegally into real money, the cash. It is a scam that has been around for as long as money has been around, thousands of years.